#5008
Steve Josovitz of The Shumacher Group, Inc. has sold Chicago’s Steak and Seafood in Roswell GA. The Shumacher Group, Inc. and Steve Josovitz represented Seller for a second time and guided all parties to a successful Close. Stephen M. Levinson, Esq. was Closing Attorney.
About:
Located at 4401 Shallowford Rd, Roswell, GA 30075.
Relaxed dining, warm hospitality with a vintage, elegant vibe. Chicago’s Steak and Seafood have proudly served northern Atlanta since 1991, becoming a landmark and local institution of neighborhood camaraderie serving dinner daily. Enjoy one of our Ultimate Martinis in our bar and live entertainment in our Speakeasy Lounge on Friday and Saturday evenings.
Long-tenured and loyal staff in place guarantees zero hiccups.
$2,000,000 Gross Sales.
$382,000 Net Profit after paying all expenses.
SBA Friendly w/Great Books & Tax Returns to Prove.
Owner Financing Options Available.
High-income demographic.
High-density area.
High-traffic.
Extensive Owner training and support.
5500/SF.
Seating for 200.
Bar and Lounge seats 60.
Long-term lease in place with current expiration of 3/31/2024 with one 5-year option to renew.
The lease is triple net with an all-in monthly cost of $14,500 in 2022 including property tax and common area maintenance and insurance.
Landlord is agreeable to extending the Buyer longer term.
60,000 daily car count from GA Department of Transportation.
Made from scratch kitchen ensures a top-quality product.
Reviews and Health Reports are the best in class.
Super popular with incredible repeat business.
Investments were made in both FOH and BOH to upgrade the ambiance and equipment. $100,000 was reinvested in the business recently. .
